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SECTION I. The Common Council hereby confirms its Declaratory Resolution <br />designating the area described herein as an Economic Revitalization Area for the <br />purposes of tax abatement. Such designation is for Real property tax abatement only and <br />is limited to two (2) calendar years from the date of adoption of the Declaratory <br />Resolution by the Common Council. <br />SECTION II. The Common Council hereby determines that the property owner is <br />qualified for and is granted Real property tax deduction for a period of (5) years, and <br />further determines that the petition, the Memorandum of Agreement between the <br />Petitioner and the City of South Bend, and the Statement of Benefits comply with <br />Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code <br />6-1.1-12 et sea. <br />SECTION III. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approved by the Mayor. <br />~frWL4- <br />Member of the on Council <br />l _ ZZ-~~ <br />pRESENTEb <br />NOT APPRO~lED <br />ADOPTED ~ _ZZ a1 <br />~i~~t'~ ~~n~ ~ N~r-~' a (,~lii~8 <br />r /~ ~• <br />~ F' I - G r_ ~J' 1 <br />Jd;~id 1f00i~DE <br />CITY CLE~tK, S0. EE'~D, lN. <br />